Natural Gas Price– Weekly Recap October 8-12

Natural gas (short term delivery) and spot price continued their upward trend and rose throughout the week. Following these changes the difference between future and spot expanded and continued to be in Contango throughout the week. The NG storage rose again at a slightly slower pace than in recent years.

During last week the Henry Hub spot rose by 6.18%, and the future (November delivery) also increased by 3.68%.

Here is a short review for the recent changes in natural gas market for the week ending on October 12th 2012:

Natural Gas Market– October Review

table natural gas - October 8-12   2012The Nymex Henry Hub Future (short term delivery) increased during last week by 6.18% and by Friday reached $3.61/mmbtu; its average daily change was 1.21%, its weekly average price was 1.92% above the previous average price.


The Henry Hub spot also increased during last week by 3.68%, and its average price was 1.12% above the previous average price.

The difference between the NG future and spot prices – future minus spot – continued to be in a Contango throughout the week.

Natural Gas Charts

The following charts shows the changes in Nat Gas (Henry Hub) and future (Nymex Henry Hub) in $/mmbtu between October 8th and October 12th.

Natural Gas price  chart -  October 8-12  2012

As seen in the first chart, the NG rates (Henry Hub future and spot) rose again mainly during the first part of the week.

In the second chart are the daily percent shifts of the Henry Hub spot and Nymex Henry Hub future (short term delivery).

Natural Gas chart - percent change October 8-12 2012

NG Storage Update – EIA Report:

According to the latest EIA review on natural gas the underground storage (Billion Cubic Feet) rose by 72 Bcf to 3,725 billion cubic feet for all lower 48 states; the NGs storage was 7.8% above the 5-year average, and was also 6.8% above the storage level during the same week in 2011.

The recent NG storage weekly update as of October 5th.

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